Financial services organizations face continued and increased reliance on specialized services and outsourced service providers; specifically in highly technical areas of information security, data processing, and regulatory compliance.
Baker Tilly's financial services industry specialists presented information to help you understand your technology risks, including security and vendor management in this recent webinar.
Baker Tilly’s financial services specialists examined the increased regulatory scrutiny on evaluation of third party service providers, options available for vendors to provide independent third party assurance reporting, and the tenets of an effective vendor management program including: risk assessment, vendor due diligence, contracting and onboarding, and ongoing monitoring.
Key learning objectives
- Understand regulations focusing on third party oversight
- Understand what comprises an effective vendor management program including components of vendor risk assessment, considerations during vendor evaluation, and pillars of a comprehensive ongoing monitoring program